LETTER | Bank Negara should intervene more

LETTER | Recently, it was reported that the Prime Minister said Bank Negara Malaysia (BNM) is working on increasing the allocation for the Disaster Relief Facility (DRF) 2022 from RM200 million to RM500 million based on the current needs and a repayment assistance scheme for flood victims with housing or property loans, car loans, credit card and personal loans.

The scheme includes deferment or reduction of instalment payments for up to six months.

Instead of being a mere bystander, it is praiseworthy to note that BNM moved swiftly and immediately went to work, among the first responders.